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Spacious contemporary colonial with over 2500 square feet of living space located in the coastal neighborhood of Ocean Ridge. This prime location is just minutes away from both Green Hill & Ninigret Salt Ponds as well as beautiful Green Hill & Charlestown Beaches. Step inside this sunlit home where the open floorplan seamlessly connects the generously sized kitchen with the dining area. Adorned with ceramic tile flooring the kitchen features ample counter and cabinet space, catering to both the chef and entertainer within you. The living room and dining room, also with ceramic tile flooring and lots of natural sunlight offers many different design layouts with its large footprint. The first floor also features a full bathroom with laundry. The second floor has 3 spacious bedrooms and another full bath with marble flooring. Need a space for your artistic endeavors or to fuel your productivity? The versatile studio/office area offers endless possibilities. Embrace the convenience of a 16 x 30 drive-thru garage, providing ample room for your vehicles, hobbies, and storage needs. Whether it's a beach day or a scenic drive taking in the coastal scenery you'll come home to enjoy the comforts of contemporary living at 1925 Matunuck School House Road.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.295% | 6.644% |
Monthly Tax Payment | $496 | $496 | $496 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,767 | $3,767 | $4,833 |
Total Monthly Payment | $4,355 | $4,355 | $5,421 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.